Read more
1:39 PM · 13 December 2022

🚀US500 surges after US CPI data📈

-
-
Open account Download free app

The widely watched US CPI inflation for November has just been released and  showed a deceleration in price growth. The data came in below expectations as the headline inflation dropped to 7.1% YoY in November vs expected 7.3% YoY and compared to 7.7% in October.

Energy cost increased 13.1%, below 17.6% in October, due to gasoline (10.1% vs 17.5%), fuel oil (65.7% vs 68.5%) and electricity (13.7% vs 14.1%). A slowdown was also seen in food prices (10.6% vs 10.9%) while cost for used cars ad trucks declined 3.3% (after a 2% rise in October). On the other hand, prices for shelter (7.1% vs 6.9%) increased faster. Compared to the previous month, the CPI edged up 0.1% only, the least in three months, and also lower than forecasts of 0.3%. The strongest upward pressure continues to come from services while prices of goods are seen to soften due to improvements in supply chains. 

The Core CPI figure came in below the consensus estimate as well as it amounted to 6.0% YoY vs exp. 6.1% YoY and compared with 6.3%  YoY in previous month.

 

Inflation in the US eased more than expected in November. Source: Bloomberg

What is surprising is the fall in core inflation. In the case of headline reading, the energy contribution decreases: from 1.3% to 1.0%. The goods contribution is also weakening from 1.1% to 0.8%. The data may suggest that inflation may already reached its peak, which is in line with the recent change in rhetoric from the Fed. A slight increase in monthly inflation is also noteworthy.

Inflation in the US is receding, accompanied by a lower contribution from energy and commodity prices. Source: Bloomberg

FED is still widely expected to deliver a 50 basis point rate hike at the December policy meeting despite easing inflationary expectations, however decelerating price pressure may make policymakers rethink the need for aggressive tightening going forward.

US500 broke above long-term downward trendline following CPI release. Nearest resistance to watch lies at 4175 pts.Source: xStation5

6 March 2026, 6:59 PM

Daily summary: Indices and crypto decline amid rising oil prices 🚩 Gold and the US dollar move higher

6 March 2026, 5:51 PM

Oil surges 11% amid escalating Middle-East conflict 📈VIX gains driven by fear on Wall Street

6 March 2026, 5:33 PM

BREAKING: Iran signals Europe will be 'a legitimate target' if EU joins war

6 March 2026, 4:17 PM

Wall Street tries to stop the deeper decline 🗽Marvell Technology jumps 10%

Join over 2 000 000 XTB Group Clients from around the world
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits